August 9, 2025
SA Reserve Bank cuts repo rate by 25 basis points to 7%

JOHANNESBURG – Relief for indebted consumers. The South African Reserve Bank has cut interest rates by another 25 basis points. This brings the country’s repo rate down to 7%, and the prime lending rate to 10.5%. It’s the first time the repo rate is at 7%, since the Covid-19 pandemic. The unexpected decision was taken
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